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Prominent banker with previous top roles at Citigroup and Charles Schwab to lead Chinatrust Bank (U.S.A.)

LOS ANGELES, December 20, 2012 — The Board of Directors of Chinatrust Bank (U.S.A.) announced today that Noor Menai has been named President & CEO of Chinatrust Bank (U.S.A.). Mr. Menai, who most recently served as Executive Vice President of North America, in his new role will oversee the bank’s US operations which include Commercial and Industrial and Commercial Real Estate lending groups as well as 12 branches in California, New Jersey and New York.

Mr. Menai will continue to oversee North American operations for the parent bank, Chinatrust Commercial Bank (CTCB).

Chinatrust Bank (U.S.A.) is one of the first Asian-American banks to operate both in the Eastern and Western United States. CTCB is one of the 200 largest banks in the world in terms of capital, the largest privately held banking institution in Taiwan, and has operations in 13 countries along the Pacific Rim.

“Noor is a proven leader who will take Chinatrust Bank USA to the next level,” said C.C. Tung, Chairman of Chinatrust Bank (U.S.A.) “He brings an impressive track record with banking’s premier brands and he’ll take a ‘hands-on’ approach to expanding business, practicing sound risk management, increasing productivity, and delivering strong results. His personal commitment to protecting and building our clients’ portfolios fits well with CTCB’s internal culture to put customers first and will be a tremendous asset in expanding our global footprint.”

“It’s a great honor to take on this new role at Chinatrust and I appreciate the confidence the board has placed in me,” said Mr. Menai. “Chinatrust USA. is a well-capitalized bank with tremendous opportunities to grow our business in retail banking and deepen our relationships with commercial and corporate customers. I look forward to working with our talented management team to build a standout culture that will continue to highlight our clients’ most important needs for banking service and financial success.”

Mr. Menai has most recently served as the Executive Vice President and North America Regional Head of CTCB where he has had responsibility for US and Canada Corporate and Commercial Real Estate, Trade, Cash, F/X, Asset Based Lending, Syndications and Participations & Advisory, business lines and trade finance for the China/North America Trade Corridor. He joined CTCB in January 2011 as the Head of Governance and Retail Banking for the US, Canada, Hong Kong, India, Indonesia, Japan, the Philippines, Singapore, Thailand, and Vietnam.

Prior to CTCB, Mr. Menai spent three years in private equity and asset management, including as Founder and Managing Director of Fajr Capital, a sovereign wealth fund-backed investment fund.

Previously, he served as President & CEO of Charles Schwab Bank, where he re-launched a deposit platform as the "World's Best Checking" as part of the strategy to source net new money from existing brokerage only customers. In his nine-year career with Citigroup North America, he served in several senior roles including; Senior Vice President, Global Consumer Bank – US Credit Cards Division; Head of Consumer Portals, Head of Branch Profitability Programs, and most recently as Managing Director, Corporate & Investment Bank with responsibility for Sales for Emerging Markets. In his last role he had executive responsibility for 1,100 relationship bankers across 18 countries.

Prior to Citigroup, Mr. Menai was a Director of Direct Financial Services at Bank of America. He began his career at JPMorgan Chase where he was part of the Retail Banking Operations and Technology team during the integration period for mergers between Manufacturers Hanover, Chemical Bank and Chase Bank. He holds an MBA in Finance, Computers and Information Systems and a BA in Economics, Computers and Information Systems from the University of Rochester.

Earlier this year, as part of the bank’s new strategic plans, Chinatrust appointed Brian Gregson as Executive Vice President and Head of Chinatrust (U.S.A.)’s retail banking group. In this role, he oversees retail operations of the bank’s 12 US branches, mortgage sales, wealth management services and marketing in the region.

“Brian brings us world class talent in retail banking and affluent market and customer efficiency programs,” said Mr. Menai. “He has an in-depth understanding of expanding a multi-branch network and special expertise in banking in internationally-oriented and ethnic markets, which are important for the future of Chinatrust Bank (U.S.A.) and CTCB.”

Prior to joining Chinatrust Bank (U.S.A.), Mr. Gregson served in several Senior Vice President roles at HSBC including SVP District Executive - West Coast and SVP Business Transformation. In his 11-year career at HSBC, he grew the west coast branches from 2 to 43; his oversight included performance-driven sales management, customer service management, leadership, coaching, team building, operations and project management. Previously, he was an SVP and Head of Operations for Republic Bank California, which was acquired by HSBC in 2000.

Mr. Gregson was a South African Chartered Accountant, starting his career at KPMG in South Africa and serving with the company in Johannesburg, Milwaukee and Toronto. He holds a bachelor’s degree in accounting from the University of the Witwatersrand and a diploma in International Finance Management from Damelin College in South Africa.

CTCB’s 2012 awards include Euromoney’s “Best Managed Company in the Banking and Financial Sector,” “Best Local Private Bank,” and “Best for Privacy and Security,” and Global Finance’s “Best Foreign Exchange Bank in Taiwan.”

About Chinatrust Commercial Bank

Chinatrust Commercial Bank (CTCB) is one of the 200 biggest banks in the world in terms of capital and the largest privately held banking institution in Taiwan. Established in 1966, CTCB’s has 147 branches within Taiwan and 67 outlets in the US, Canada, Japan, India, Indonesia, the Philippines, Thailand, Vietnam, Hong Kong, Singapore and China. The bank’s operations include deposits, loans, guarantees, foreign exchange, offshore banking units (OBU), trusts, credit cards, cash cards, securities, bonds, futures, derivative financial products, factoring, safe deposit boxes, electronic banking services, and the national lottery.